Topic: Before Complaining, Knowing Factors That Cause Bitcoin Prices Down (Read 186 times)

I am more perspective to the media, because I see the media is most influential on bitcoin.
whatever is reported in the media, whether it is positive or negative then bitcoin will follow.
this is my personal opinion.

I definitely believe that the futures are an incentive for whales to anonymously manipulate the price. I just don't really see how this could be done, but it does make a lot of sense. Once more capital enters this space then manipulation like this would be significantly harder to achieve. Once massive hedge funds, like BlackRock for example, enter the Bitcoin space the market will gain a ton of depth. These hedge funds would likely only diversify a small percentage of their holdings into Bitcoin which means two things:

1. Since Bitcoin would be a small percentage of their holdings, Hege funds themselves wouldn't waste their time attempting to manipulate the BTC market, as they know its a long-term holding and any manipulation in the short term would be small gains.

2. Even a group of whales wouldn't be able to pool enough money together to move the market in any meaningful way, as the Bitcoin market would likely be worth around $1 trillion by this time and a significant amount of money would be required to move the market.

Right now, the CBOE futures are something that we only have to worry about in the short term. It's only a matter of time for a Bitcoin ETF to get approved and manipulation like this to become significantly more difficult.

I could be wrong of course, but this is my thought process on the future of Bitcoin and the risk of manipulation.

Last year in the short term BTC prices rise too much, in fact, at that time BTC has the characteristics of the bubble, this year's prices, is adjusted before rise too much, so now we should get used to this kind of fall.

You should have started with the earlier movements to get the better picture.
After the bubble from the end of 2017 Bitcoin has fallen a lot. A pretty normal correction. Then something else has happened and I believe it was/is a big amount of manipulation. I feel like 5he 9000$ish price should be closer to normal.
Now it's even more strange, since it's a mix of manipulation, a new attempt of bull trend (but it may be a trap too) and some traders' apathy / leave the market.

From this point it's hard to see the direction of Bitcoin price and even insignificant news may matter.

I have always talked about this. When bitcoin reached to $20k or so levels the big whales made it out big, than they recollected when it dropped back. This was the phase 1. Than the short futures came up, which meant that if rich people sold bitcoin they would have fiat capital to play with, when they sold all of their coins (or some of it) they would cause a small drop in the price and with enough media at their hands they could create a fud around that drop which would result in even further drop from scared people.

However those rich whales who sold their coins to gain capital spent that capital on buying shorts during that time. Even though bitcoin is dropping, these people would have been profiting from it thanks to short futures.

i wouldn't say "past 2 months" because when you go back in time you can see that the downtrend was at strong. you may not have believed in it or weren't able to explain the reasons for it but there also wasn't any uncertainty about where it is going to go.
then we hit the bottom and the uncertainty began because people knew $6k was the bottom but weren't so sure about it. finally as it was tested again and remained strong that uncertainty also started to fade away. right now i say there is not much uncertainty in the market.

I really think that the collaboration of the government and banks are the ones that are making people think that bitcoin is fragile and are not safe for investment, But we should not think idly about them because some are only thinking about our safety, And right now the market is only recuperating from the big lost it get from the current bear market, But the all green in the market right now do not mean that we are going to another bull run or what so ever.

And the belief in Bitcoin is currently so fragile that they will not believe in the future with governments, politics, markets, all should understand that this is the heyday of Bitcoin where it begins to recognize and begin to feel the impact of this year and last year, fluctuating greatly many of the risks that occur in the market, inevitably complain to someone who has lost it will happen, calm the future will be very good despite these conditions.

For the past 2 months uncertainty has dominated the market and that affect the investments into cryptocurrencies market.  Bitcoin itself has been receiving very serious attacked from hackers and people are afraid of buying cryptocurrencies from some exchange and that affect price.

We can not apply the current financial systems standards to Bitcoin because of the vast difference between it, as no system can be likened to a Bitcoin system to compare through it.
The current volatility in the price is not considered as high as last year, and the price has seen a kind of stability if compared to this month in the previous ten months.
The factors that caused the collapse were corrections and the lack of good news.
The factors that cause elevation is to solve the problem of limited network "scalability problem."

In addition to these factors are the price manipulation of the big whales and conspiracy of some people for their own advantage of gaining. All of these factors are not only applicable to Bitcoin alone but for those non crypto currencies investments as well so before joining any investments including Bitcoin we should learn how to deal with these factors so that we could ride with them with the perfect timing.

It is true, the political risks surrounding the national currency can also affect the price of Bitcoin because people use it to protect against price movements in certain currencies, or they must quickly move large amounts of value out of a country or currency.

BTCBitcoin is a decentralized virtual currency, It's controlled by none, Bitcoin holders are the major mechanism of this platform. Bitcoin selling and buying ration is the responsible for the change of the price. So it also depends on the market demand that's why it will not be a static price anymore.
But in recent times, Bitcoin has made a tremendous impact on the money market and day by day It's becoming an influential system on the monetary platform.

I think there are many factors that could affect the rise and fall in the price of Bitcoin. When it comes to the rumors you say I do not know. All I know is this, I'll try to explain some of the things I understand about Bitcoin price changes. First is the number of blockchains that are mined. If more Bitcoin is mined, the amount of Bitcoin in the blockchain will be less, it means Bitcoin will be scarce and the price will be higher. Second, someday Bitcoin will run out and can not be mined anymore. Third, more and more people are looking for Bitcoin for various reasons, such as invest, business, trading, and saved because it is believed to be the currency of the future.

Who cares about the ETF being approved or not?This will have little to no impact over the price,because there will be no approval.Last year`s growth was a bubble,only mass adoption of bitcoin will cause a stable price growth,but it`s not happening,even though there are no issues with high transaction fees and slow confirmation time.Nobody wants to accept btc payments,because everybody experts the prices to go down.

We are just keeping up from the 61% Fibonacci retracement line so if this holds we may be going upwards but unless EFT is approved, nothing is for certain. That is the big catalyst everyone is waiting for in order for BTC to rally again but for now the price is down because of the normal bear retracement cycle or 'correction' as all the traders are calling it that has happened from the parabolic rise that happened last December and January. Everyone now says it will rise a lot higher than before, let us see if their deductions are correct or not.

Bitcoin's price has dropped to around $ 6,000 in recent days, having almost reached $ 9,200 in the last two months. All of this shows how volatile the currency, pushing questions, what leads to such great movements? Ongoing research reveals four factors that affect the price of Bitcoin. These include media hype and absorption, political and risk uncertainty, moves by governments and regulators, and Bitcoin's own governance.